BofA raised the firm’s price target on AMD (AMD) to $450 from $310 and keeps a Buy rating on the shares. The company offers “a unique combination” of a broad portfolio of agentic CPU and AI GPU accelerators, well aligned with the evolving AI market, low 6% market share that could head towards double-digits in a $1.5T market by calendar 2030, additional “gigawatt-scale” AI customer announcement potential beyond OpenAI and Meta (META), as well as scale and execution consistency, the analyst tells investors in a post-earnings note.
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